Two auto giants have now combined into an even larger giant. Fiat Chrysler Automobiles and PSA Group have successfully merged together, forming a new company known as Stellantis.

The merger is complete and the new company is already publicly trading (under the ticker STLA on the NYSE). The merger was announced last summer, with an essentially even split of power between existing executives. The merger cost about $48 billion dollars.

Fiat Chrysler Automotive (FCA) is best known for, understandably, the Fiat and Chrysler brands. But they’re also the owners of Dodge, Jeep, Ram, and various other non-American automakers. PSA, a French company, is best known for Peugeot, and maintains a number of brands not present in the US.

This makes Stellantis one of the four largest automotive groups in the world, next to Volkswagen Group, Toyota, and Renault Nissan Mitsubishi Alliance. They produce around 8 million vehicles a year.

So what does this mean for us?

If you're a shareholder, this would “add value” for you. If you care about that sort of thing. Otherwise, it doesn't sound like much will change. The even split of power implies that each brand will continue to operate as usual. They might now take advantage of the various benefits from other brands, but it won't be to a degree that consumers notice.

At the most extreme, this might mean that Peugeot will make its way to the US markets again. We only say this because Carlos Tavares, Chief Executive Officer of Stellantis, promised to make that happen in a statement last year.

More information will likely become available in the near future.